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Macroeconomic models often incorporate some form of wage stickiness to help account for employment fluctuations. However, a recent literature calls in to question this approach, citing evidence of new hire wage cyclicality from panel data studies as evidence for contractual wage flexibility for...
Persistent link: https://www.econbiz.de/10012456335
If profit maximizing firms have limited information about the general productivity of new workers, they may choose to … credential value of education will depend on how quickly firms learn. To obtain information on employer learning, we work with a … education. The time path of the coefficient on the unobservable productivity variable provides information about the rate at …
Persistent link: https://www.econbiz.de/10012473426
We empirically test an information economics based theory of social preferences in which ego utility and self-signaling … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts … theories of motivation crowding are unable to fit the non-monotonic moments in the data. A structural model of self-signaling …
Persistent link: https://www.econbiz.de/10012457193
elicit more accurate and complete information on independent contractors, including those who may be coded incorrectly as …
Persistent link: https://www.econbiz.de/10014247917
a measurement framework to account for high reporting thresholds on some information returns using returns from states … number of workers receiving information returns not subject to the 1099-K gap increased dramatically during the pandemic …, with least 5 million individuals receiving information returns from platform gig work by 2021, nearly all from …
Persistent link: https://www.econbiz.de/10014287374
Rising self-employment rates in U.S. tax data that are absent in survey data have led to speculation that tax records capture a rise in new "gig" work that surveys miss. Drawing on the universe of IRS tax returns, we show that trends in firm-reported payments to "gig" and other contract workers...
Persistent link: https://www.econbiz.de/10014528407
This paper studies the dynamics of labor demand at the plant and aggregate levels. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours...
Persistent link: https://www.econbiz.de/10012468397
This paper makes the following original contributions to the literature. (1) We develop a simpler analytical characterization and numerical algorithm for Bayesian inference in structural vector autoregressions that can be used for models that are overidentified, just-identified, or...
Persistent link: https://www.econbiz.de/10012457925
We study a unique grading policy at a large US public university allowing students to mask their letter grades into a "Pass", after having observed their original grade. Using administrative transcript records, we find that female students are substantially less likely to mask their grades than...
Persistent link: https://www.econbiz.de/10013477257
We evaluate the extent to which small businesses maintain an online presence, looking at restaurant listings on a major online review platform. While the majority of restaurants have an online presence, we find that roughly 18 percent in our sample have no presence as of the end of 2017, despite...
Persistent link: https://www.econbiz.de/10013477302